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Author:Ferry, J.
Title:Morgan Stanley's hard landing in the City
Journal:Business
1989 : JUL, p. 66-67,69
Index terms:INVESTMENT BANKS
STOCKBROKING
STOCK MARKETS
Language:eng
Abstract:The effort of the New York investment bank to move into London stockbroking and how it ran into difficulties. Morgan Stanley's standing and reputation on Wall Street. Deregulation of UK stock market. Recruitment of superstars. Conflict. Loss made on Norcros stake. Sales and trading problems. Move to LBOs and merger advice. Differences with analysts. Sale of an equity issue, but no disclosure of earnings per share. Fall in share price. American staff for London operation.
SCIMA record nr: 67928
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